Kudlow: Fed pumping money into economy won’t control inflation

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‘Kudlow’ host Larry Kudlow discusses what’s fueling inflation and answers viewers’ questions on the chip shortage and Fed interest rates.

…Supply shortages, that eventually get worked out, don’t ask me when, but eventually, it will. We can open up containers and we can get truck drivers, and we’re going to have to pay them a good wage. OK? Not easy, but we can solve that, right? But the Fed pumping out all this cash constantly week after week…I mean, M2 is now growing at 12 or 13 percent. We’re well into this recovery…We don’t need that…that will increase inflation.  LARRY KUDLOW: We have more money than we know what to do with, and so the Fed is doing these…reverse repurchase agreements for five basis points. They’ll take the money and they’ll give it for five basis points. They’ll give them a Treasury bill…that is 1.3 trillion of that going on every day.

WATCH THE FULL INTERVIEW BELOW: US INFLATION EXPECTATIONS SURGE TO HIGHEST LEVEL SINCE 2013

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